this guy is full of shit...yes, the "whole economy would collapse".....the US would be much better off by now if the FED was put out of business....let these fraudulent banks fail....they only create debt out of thin air which they call money, its all a fraud
you cant win in the bankers' game...you cannot stimulate the economy using Keyensian economics...handing out "money" does not stimulate the economy because prices would rise in the long-run. only production can get an economy out of the rut it's in....the bankers' game is that if the money supply decreases (paying down debt), there is less available to go around...the game is that they have to continually increase the debt so that enough "money" can keep floating around in this fraud economy
Let the political and economic systems fail - they are junk. The sooner everyone realizes that the perverted versions of democracy and capitalism that we have now are garbage the better it'll be for the everyone.
some psychological warfare tactics are meant to completely paralyze people mentally. If every person in a persons life friend and foe attacks an the same individual it is meant to freeze a persons mind and shut them down. This tactic would be used to make some one go insane if employed against them when they are right and wrong. Psychological warfare.
I got an idea, allow the so called too bigs to actually FAIL - that is called a free market frickin' jackasses which is what we are supposed to have here in America - NOT Fascism!
The ones who threw you in the middle of the Atlantic without a lifeboat were: 1. yourselves (for pushing home ownership, even to those who had no means of paying it, via Fannie and Freddie and 2. bankers (who made a killing off the investors they duped and then again off taxpayer when you deemed they were TBTF. No kidding you're no geniuses. I'll bet the caller would actually make better decisions than you and your crony capitalism.
"I would've been the end of our economic system and our political system as we know it" - wait a minute - but this is exactly what needs to happen to cleanse the system of it's excesses.
Without that Americans will never have a change to rebuild their wealth.
When money flows out of a market it means the market is sick. When you have cancer you do not take a pain killer and forget about it, you take chemo and suffer the pain but you get to live in return. Makes sense?
this is why I have my cash and my 53K of gold and silver in my home safe, I don't use banks anymore, even for deposits are backing by FDIC up to $250K, THIS IS BIG SHIT AND IT WILL HAPPEN AGAIN AND IT WILL END ALL THE WORLDS FIN MARKETS.
@1v0x The increase to 250,000 was from a law passed by Congress in Oct 2008, it didn't happen the day of the supposed run by order of the Fed, or whatever silly claim Kanjorski made.
M2 isn't money market balances only, they were about $3.55 trillion at the time, a number smaller than he claimed could have exited mm accounts if nothing was done.
I come back to watch this again as it stook in mind my so much and I agree with you, it is the important interview on those events. Very telling interview.
He basically admits that the money was there to COVER UP the FRAUD of the banks by the purchasing of the "dirty assets" through the TAX PAYER which the banks KNEW were going to fail and all the while BETTING against it. It's a WIN WIN for the banks and you have been completely ROBBED!
This isn't isolated to the US, this activity is going on in most countries, it's just the other countries did a better job at hiding it. It's a global trend because of the global nature of todays banks.
He admits that money was injected to COVER UP the FRAUD of the banks by purchasing of the "dirty assets" through the TAX PAYER which the banks KNEW were going to fail and all the while BETTING against it. It's a WIN WIN for the banks and you have been completely ROBBED!
This isn't isolated to the US, this activity is going on in most countries. It's a global trend because of global nature of todays banks.
Watch the YouTube video WHY WE ARE IN SO MUCH DEBT for the simplest, clearest explanation yet of why our monetary system is the problem. Excellent insights.
@ 4:44, "If you don't have a banking system you don't have an economy."
So I guess barter systems are no longer a real economic model, eh? Or how about gift economy's? Clearly Rep. Paul Kanjorski has 0-knowledge about economic systems that have not only been historically successful, but in many instances performed better than the BS shell-game bankers invented when they imagined up fractional-reserve usury. ( tinyurl(dot)com / reserve-banking )
@Xtraeme Banking vs. Money-creation via credit creation, as you say, FR usury, 2 different things.
Banking is "borrow" savings, then loans from REAL assets, @ 100% reserves. This is much "slower" economy in terms of high-gain W St bulls, but Main St is NOW dog slow .. in decline .. so WS bulls can run on "junkie fix" of cheap credit.
Futures originally helped farmers plan, now drive up global food prices. Ditto oil. They CONTROL real markets, like Commies, but via fictive speculation.
Equally frustrated!!!! You have to be kidding me. This caller, god bless her, is living from pay check to pay check trying to provide for her family. You are a rich Congressman who is not affected by anything you do in Washington. Don't you dare say you have the same feeling about the financial situation as regular, hardworking Americans. This is just another example of the fact that you are completely out of touch with the American people.
"It would have been the end of our economic and political system as we know it!"
And that is a bad thing? The whole system is corrupt from top to bottom, banks that create money out of thin air and the government officials they pay off.
Yes, it would have hurt to let the current system collapse, it would have hurt a lot. But you are not going to improve things for the majority of people by continuing to use the same rigged system.
why can't people understand how big of a deal this recession is and how much worse it could've been if it weren't for the stimulus bill. i think all the people shouldn't suffer but at the same time it's not fair for those who are benefitting from the current financial system to use these real victims as an excuse to lower taxes and keep letting the banks go wild like before.
They do know. This is all engineered. Central banks, fractional reserve banking, debt based monetary systems, you don't understand it because your not supposed to. Just keep listening to guys like this and give the government more power, to "save" our economy.
At the 2:18 mark - here's the facts - for over a year now it is amazing that we do not have an investigation on what or who did the controlled "Run" on the markets of some $500bn
Don't put it past George Soros and pals to have engineered this too to help Obama win the election. Remember by September 2008 McCaine was closing in fast on Obama in the pols!
@vicschleich The snake is the Federal Reserve (Banksters) and Corporatocracy. Both Obama (most Democrats) and McCain (most Republicans) are two heads of the same snake. The two serve to create an illusion that there are differences. Keep reading and studying. Start with The Case Against the Fed by Murray N. Rothbard. It's a short book that gets to the point.
So, the govt prevented its citizens from withdrawing their cash from their accounts? The citizens learned from the depression, take YOUR money BEFORE the crash. We live in a free country...NOT.
Bankers, who caused the problem, came to politicians, who helped them, for rescue via taxpayer money. They used the threat of the collapse of our economic system (based on fiat money) and our political system (corrupt to the core and beholden to special interest groups) to get free reign to "Save Us All) by having us pay for the continuation of the system that caused all this in the first place.
at 4:25 he says the banks would have had to pay 3 or 4 trillion dollars for these bad assets and taxpayers would have to pay for it...hmm so buying bank equities to keep them from going bankrupt means there's still 3 or 4 trillion dollars of bad assets out there (and counting)...doesn't it?
Eventually the weight of this debt will bankrupt the system
I was one of the people who contributed to the run on the money markets. There are no conspiracy theories. When the Reserve Fund "broke the buck," I shifted all my money market investments into savings and checking accounts at banks. I did not want to be caught with worthless paper in the commercial markets.
I'm far from being a part of a conspiracy. Don't believe everything you hear from conspiracy theories.
A run on the money markets was completely natural due to the circumstance.
@siesta000000 So you shifted all your money into checking & savings so you could take advantage of the increased FDIC limit? What if they had left it at 100k? If there's a conspiracy to be had, it would seem the goal was to ensure people who already had large bank accounts could access _more_ of the FDIC funds despite the fact that the FDIC's reserves remained fixed.
See how that just ultimately screws the little guy over who has _less_ than 100k? Yeah, that's not just a little bit suspicious.
@martini926 People panicked as they understood that the entire fractional reserve system of money based on credit was on the verge of total collapse. So people who were invested in the dollar started pulling their investments out because they understood the money was limited. That's why the US government bailed out toxic bank assets. But that is much worst, since now YOU (a US tax payer) hold these failing investments. You are obliged by law to pay this off as a citizen.
shut the fuck up. now go buy yourself a nice greece island. it is an asset strip deal. financial crisis will happen again once greece defaults, this time the deflation will be a lot bigger. u have cash in hand?
@siesta000000 safe in checking and savings accounts? your money is not safe unless its in your hands...also, that paper you carry is only worth something because people still accept it as such....when the US bond market goes to shit, you won't want to be holding dollars
my husband and i have always said that happened on 9/11/08 but Rush Limbaugh started the lie that it was 9/18/08. that's when i dropped my subscription to Limbaugh and realized he is working for the new world order. i began listening to alex jones and dr. bill deagle then. best thing i ever did!
It seems unlikely that it was during the 9/11 week. The big drops were Mondays: 9/15, 9/22 & 9/29 until 10/2.
Either way, the collapse on Wall Street was due to their gambling. i don't believe that the US government would not know who was responsible for $550 billion electronic "run on the bank."
If it was Soros then he was able to get his ACORN puppet in. You know. The one with the gift (for blab).
Please note: Kanjorski had the briefing with Bernanke and Paulson "about September 15th". The event itself, the landslide electronic cash draw, happened on "Thursday, at about eleven o´clock in the morning"- meaning the preceding Thursday no doubt.
Thus the date and time when those 550 billion $ were being electronically drawn out was Thursday, Sept. 11th 2008, at 11.00 o´clock in the morning.
This is the 7th anniversary of the Terror attacks, to the minute.
And the meaning of such a monetary draw on that date would be what exactly? You connect these dates, but leave to the imagination any potential connection between them.
A bit of detail on that front would be appreciated. I'm willing to chalk it up to coincidence.
The Truth?You need to put yourself in the mind of a ruthless financial crook. I would have cooked the books, manipulated the stock on the way up, lent billions on real estate frauds, issued billions in bonds, shorted the stock on the way down.But, the real big money would be in the investment portfolio, where $100 billion would be lost in derivatives.What About The Regulators?The FDIC is run by Sheila Bair, a Lawyer, and the dean at the Isenberg Institute. Her and her staff of Zio-clowns.......
I've been saying this for years. Somehow the people need to take back the country, eliminate political control and get honest people to work in a govenment type system,.
@vicschleich, I'm not advocating anything that remotely agrees with the tea party on this... just to clarify. I'm viewing this from a 60's perspective. We need legislators that align with the constituency, and not with big business.
"If you don't have a banking system...you don't have an economy" So why don't the people of the United States control the banks...that is where the real power is.
Read "The Creature from Jekyll Island" by Griffin, and "Web of Debt" by Brown, and then read "Default !!! Escaping the Debt Trap and Avoiding Bankruptcy" by Guedel, in which 2 people defaulted on over 94K of unsecured credit card debt and avoided bankruptcy and judgment and defeated a major bank's collection attorney. It can be done. Banks are stealing from us all... get out of their crooked banking system -- move your money to Credit Unions ... create and join more honest Credit Unions.
God dammit, is it that hard for me to live a life without being robbed?
When 95% of the population wants something, and our STUPID politicians go against our words, isn't it common sense that they are getting orders from someone else?
This is not a conspiracy folks. It is happening RIGHT BEFORE OUR EYES.
This is the message I am feeling from our "leaders"...
"Follow us and get us rich, or we will drive this entire country into the ground"
American Brothers and Sisters ...WTFU..."911 was a inside job carried out by our own criminakl government".....watch "Loose Change Final Cut" for free on the web.......Time is running out!
@Research0digo I'm not joining a group that considers any part of 9/11 a conspiracy. I don't believe that is a popular position throughout the tea parties. I think you are on your own on that one buddy
Buy Gold, Guns and unperishables and just hope to christ you survive the civil unrest. The Sth Western US will see massive public disturbance. And if you think you got it bad in the US, imagine being on the margins in the UK? They're fucked. They will have total chaos in Northern England.Cities like Liverpool and Manchester will be totally out of control or have marshal law.I'm just glad to live in Australia.We will cop it but nowhere near as bad as other countries. See ya wouldnt want to be ya
My, what a wonderful personality you have. You should be Australia's Ambassador of good will.
What you say may come to past. However, your anger and adolescent gloating makes me very appreciative that I am not your neighbor. Living next to an unhappy, angry man hoarding guns and gold coins would be my least favorite place to live. btw, my brother just visited Australia. Nice place.
OK the "see ya...." comment was over the top. Let me apologise for this, but the rest is on the level. Your gov is not telling you how bad this is gonna get. If they did, there would be mass panic. My advice is prepare for the worst and hope for the best.
Oh Great ... i feel a whole lot better now! Who's been minding the shop ... so that this didn't happen in the first place...at least this is an honest account of the situation
This wouldn't have happened IF the Reps & Dems had followed the Constitution! Period. End of story - but we keep re-electing them to our own dimize. Too big to fail if u r power & rich but there is no help or law for too small to fail. In fact, you get to make sure the rich DONT!
You can't "let banks file bankruptcy"! There'd be no credit, no monetary system, heck - just try to classify and quantify assets without banks! No banks would be bad!
Government officials are worthless. Barney Frank is no knight in shining armor. And Barry Obama is not giving me any confidence with his spend-our-way-out approach.
This is a mess, and the public is getting stuck with the cleanup work, and ... I just don't know if that's gonna fly.....
We have two choices right now. 1st Choice is for the government to try and fix the economy while trying to keep the general public from revolting. 2nd Choice is to let banks and industry file bankruptcy and lose millions more jobs while trying to keep the general public from revolting. I know these choices suck but they are real.
I agree mike p. All I have to say to all those who are complainging is to make sure you understand what you are complaining about. I live in a conservative area and they all think that acorn and the democrats caused this crisis. Banks betting 40 to 1 on credit default swaps agaist mortgage backed securities are the reason, not sub prime that could be easily corrected if other financial instruments were not tied to the original mortgage.
The run on the banks stoped when the government fooled all the little people with that $250,000.00 gaurantee. Pay attention and be prepared. They are playing a very dangerous but needed game to save our economy. Get the facts and ignore politics. Democracy's arguements may end up being our downfall.
If this is truly what happened, it all makes sense now. The economic "meltdown" was bogus to begin with and for the gain of what/ whom??? The Democrats?? Obama?? Who was withdrawing this money!!!
At least he was being fairly honest. This is what happens when a government gets as big and bloated as ours- it simply cannot function efficiently, and it is so out of tune with the people it affects through policy making that any big decisions made are either a day late and a trillion dollars short, or they are a bold step in the wrong direction.
In a way, the honesty is refreshing. In another light, don't we need to elect people who have an understanding of economics?
His revelation about a half trillion dollars withdrawn from money markets in a few hours is troubling. Who was it? Why all at once? What spooked them? Or was it a conspiracy -- to manufacture a crisis on top of the existing real estate crisis -- which would then force government intervention that benefitted some party or parties? Enquiring minds...
So, the congressman admits that the reason they delegated the problem to the Treasury Secretary is that Congress didn't know how to solve economic problems. Yet, Congress is sure that they know better than the average citizen how to spend money, so we should all give them more of our money through taxes. It boggles the mind how we trust these fools.
Perhaps you should take a class in US Civics. Congress has the ability to delegate its authority to appropriate government agencies which act on their behalf.
Technically speaking, Congress is supposed to inspect and approve meat and other food that makes its way to our supermarkets. Do you think your Congressman/Senator is making the rounds at the local food plant? Of course not. That's what the FDA is for.
The same goes issues of finance, economics and banking.
In each instance you cite, an educated person can make his own decisions. All I'm saying is that we shouldn't delegate decisions about our lives to Congress, which is just going to turn around and delegate them to someone else. It's time we did our own homework. Government employees are no more honest or intelligent than businessmen.
I think I understand what you're saying, but I fail to see how We the People could have done any better - Those in both Houses are our representatives - thus we do delegate the decisions to them.
But you're missing the big picture here. If what Rep Kanjorski says is true then this is a proof positive that the government (and the Fed) WORKED. They prevented a run on the banks.
Alternatively, the general public would have likely panicked and made the situation worse - not better.
I'm not being partisan here: Bush began this 'stimulus' package after his adminstration drove us down to the point where people even considered running on the banks. Now, Obama is going to follow Bush's lead and dig us even deeper. Given the fed's performance so far in the domains of mortgages, finance or even the latest salmonella outbreak, we should be as unreassured about leaving our most important decisions to the president and Congress as we have the wits to be.
How can you trust a government that does not tell the truth? Why weren't the people told that there was a run on the banks? Why were the people lied to about the true purpose behind the banker bailout bill?
I have lost all confidence in congress and in wall street. I have sold all stocks, including my 401K, and have bought gold and silver. In three months this gold and silver has performed better than stocks ever performed for me. Today I am withdrawing the rest of my cash and buying more. fkm
One doesn't have to search far to find out what motivates Mr. Kanjorski. Check SEC filings and you can see where his interests lie.
"Whoever controls the flow of money, controls the policies." It's just that simple.
Research, the March of Dimes fundraising campaign. Under FDR, Ron Gilreath found a gold mine appealing to the emotions and pockets of Americans and the corruption hasn't stopped since it began. Troopers from the military anyone?
Every individual in elected office in DC should listen to this presentation. It's telling and disgusting what federal gov has been reduced to. I repeat:
"Govt is a giant insurance company with a side business in defense (this is 90% of what govt does-it's all on automatic pilot)"
They don't mention the source of this run on the bank. Soros? We hear often that this implosion is orchestrated by the powers that be. You don't always get that impression as they seem to be running for their lives to fix something. We are told they don't know if it will work. I have a feeling that that bit about the electronic run was not supposed to get out. The best advise so far as been from the caller at the beginning of this vid.
"I have a feeling that that bit about the electronic run was not supposed to get out."
Leaks will do! What we need is a full-fledged force of OUR OWN TAX-paid military to go in, seize this out of control, privately owned gederal government. START with GROVER NORQUIST...kick his ass out!
If Soros did this, he needs to be arrested. BUSH needs to be slapped for NOT going public with the severity of this information, who in the WORLD would want to CREATE a run on our banking system other than Soros or Islamic Radicals? And if it's Soros, the American LEFT is also part of this since he is their buddy, and if it's terrorism by banking, why didn't Bush DEMAND that the bank system reveal who did it and arrest people to find out who started this run??
Soros? hahahahahah. Limbaugh is on drugs again, playing his dittoheads like yoyos. Is the twit Hannity parroting this oxycontin hallucination also? It is more likely some sovereign wealth fund like Saudi Arabia.
As near as I can tell --- the date that this electronic run on the bank was 9/11/08. He said Paulson spoke to them on the 15th about the previous event occuring on the thursday before. These bastards are sure stuck on dates! It still would be a good idea to know who orchestrated this. I want the names. It would be a start on who to arrest for high treason.
It now appears the subprime mortgage crisis was simply a load of crap and a cover for what was really going on. Only the most powerful of the worlds financial manipulators could pull off a stunt of this magnitude.
Tell me about it. This slug is too stupid to know that he spilled the beans on what was really going. The economic collapse was orchestrated. Get It!
Just because some blowhard like limbaugh blames soros does not mean he is not on to something. You are correct - left and right political gamesmanship is just entertainment while we are left to watch this country go down the drain.
hahahahahaha? So, your scenario about "some sovereign wealth fund like Saudi Arabia" is more plausable? Really, that's the pot calling the kettle black. I would really like to know the TRUTH. Don't you?
@pn2543 Why couldn't it be Soros? Limbaugh was only parroting a notion that others speculated well in advance of his coat-tailing, and most people wouldn't even have known he said so if they, like me, hadn't read it here. Soros is known as the "master market manipulator." He took down the Bank of England by leveraging $10 bn USD against the pound sterling, and was convicted of insider trading in France in 2002. So pls xplain why he's incapable of such a manipulation. Thx.
@JuliaB1955 Because it would have been exposed. There is a paper trail on this stuff, that's how we knoiw what he has done. The Republicans were in power and would have SURELY exposed Soros if he caused that. You are talking here about $500 BILLION. Soros net worth is only $14.2 Billion., Your assertion has zero merit.
What he did in England was DESERVED by the British Bank. Soros also played a huge role in transitioning Hungary from Communism to Capitalism. How is that a bad thing?
@atamalakolive No, not really, Bush had no balls to speak the truth, plus, in 2008, he was a lame duck, anything that seemed to press the dems would be spoken of as sour grapes, that is why he did ZERO on the voter fraud caused by ACORN and the KNOWN 400,000 phony voter registrations in Illinois, and even Nevada. Plus, as on 9/11, he did what he did to avoid causing panic.
@usmc7242 There have been ZERO cases of voter fraud against ACORN. They have been investigating them since Bush took office. They have found some voter registration fraud,, but zero voter fraud. Your 400,000 number is REGISTRATIONS. ACORN turned them in by Law. They have to turn ALL Registrations in. They "flagged" those as bogus. The Republicans seized on that BS non-story. THERE WAS NO VOTER FRAUD. That is historic fact. Want fraud? Watch Unprecendented:2000 Election.
@JuliaB1955 Because it would have been exposed. There is a paper trail on this stuff, that's how we knoiw what he has done. The Republicans were in power and would have SURELY exposed Soros if he caused that. You are talking here about $500 BILLION. Soros net worth is only $14.2 Billion., Your assertion has zero merit.
What he did in England was DESERVED by the British Bank. Soros also played a huge role in transitioning Hungary from Communism to Capitalism. How is that a bad thing?
They should have declared a bank holiday that day, freeze the entire economy for 48 hours and then sort out the bad debt, from the good debt. They should have cancelled the bad debt. Wipe it ut of the books, and tell the banks to go screw themselves. That's what they should have done. The way they did it is tha they lined the pockets of the criminals who swindled everyone. All the calls for revolutions are justified, and it way behond time now to change the entire system. Let the rats sink!
HOLY CRAP.....did anyone listen to what this guy said at ~ 2:18 about the money markets? That is absolutely huge and spot on. It would have been devasting. Anyone who is naive enough to think that Obama and his cronies can fix this isn't thinking. No politician can solve this problem yet we keep giving power and our freedom to these jokers. Who's to blame? Both Parties are to blame. We gotta get rid of both of them since they're both moving us down the road to becoming a statist nation.
He skirted the issue, I stand with the lady caller, we have to take a stand and let them know like her. That is what they want panic, it's not panic its is ANGER. That the goverment, FED even the Supreme Court is now appearing to be on the take! WE THE PEOPLE ARE NOT AFRAID OF THE GOVENMENT WE OWN YOU, AND WILL WIN!
"We don't know" Finally an honest appraisal of what is going on. Another trillion or 2 won't give them the answers. The $550 billion ebankrun will happen again and more money will be thrown at the economic terriorism that is attacking our very existance. By that time the dollar will be worthless and China or whoever is behind this will OWN us. It is the end of the world as we know it. Ciao.
We wouldn't have system wide failure if the government didn't interweave our economic lives together. If the banks, and the savers lost their money then it shouldn't affect everyone else. Its bad for those people but the government has made someone's catastrophe into everyone's catastrophe.
Obama is the puppet..who is the puppeteer? Was it George Soros? Was it Dubai? Who has that much money to do this to us? No wonder George Bush was scared sh##less! I would be too! He got played just like the rest of us did too!
Why isn't there an investigation into who did this?????????????????
Russia, Soros, or both. They needed a US economic crisis because McCain was starting to pull ahead in the polls. If there is an investigation you may never hear about it. If govt admits this happened it might cause someone else to try it again and tells global investors the US is not as strong as people think it is.
You're one step away. Bush, Obama, etc., are puppets. The elite are doing this. Not Soros, nor Dubai. The Rep. won't reveal who (because he can't), but there are definite signs that the system will fall a lot more still. Oh, there won't be an investigation because there doesn't need to be one. Who investigates their own boss??
Hang on for the ride. This montaña rusa is going to be better than six flags anyday (and no I am not suggesting Russia with that - it's Spanish).
Least anybody forget, Money Market accounts were never (until now for the banksters) guaranteed or FDIC insured. There was some risk attached to them, though it was suppose to be small. - The acid debts (derivatives) that these banks have accumulated has been by their own greed. Now they (Banksters) have no downside and only an upside - that doesn't sound like capitalism to me. It sounds like a "good ole banker buddy system."
No. Capitalism entails risk on part of investors. It was Theodore Roosevelt who realized that fair capitalism was fine but monopolies that play unfair need to be balanced by strong oversight and broken up if they go to far.
Poor Rep Kanjorski - when put on the spot he doesn't know any better than to tell the "truth" - as he knows it. I'm not a big fan of his, but in this instance - "Good on him!" Now why couldn't they have made it this simple back in September and told the people what was going on? I'll tell you why, because the obvious answer would have been: Since it's our taxpayer money, abolish the Fed. Res. (fire em), guarantee the money market accounts, and let the rest of the BANKSTERS go under!!!
Better than that, watch Russia make a move soon. The Russian population is going to implode within 50 years, so they have to regain their former might and SOON if they want to survive as a country. Lucky for them the Russian populace yearns for the influence and RESPECT they had only a few short decades ago. Also watch the weather, if it gets colder these things will be happening MUCH faster than otherwise.
Agreed. "The FED is not FEDERAL or even ours. You know it, I know it. Do the chumps in congress know it? Little by little we are finding out that the emperor has no clothes. Little by little, we are discovering that maybe the world is not square, and have the daunting task to make people like Kanjorski say, "we just don't know". Time to educate yourself about the Fed Reserve. Sad state, when reps like you are the last to wake up!!
They need to check the transactions, just make sure it is all on the up and up. Who was selling when, who set the trend, and why? Was it "auto sell" things flipping?
Also they should check and see whether shell corporations were buying and selling back and forth, run by the same people.
"We don't know"?!? My arse you don't know, Kanjorski. You know damn well that the Federal Reserve under Greenspan sparked this speculative hell in 2002-2003, and are worsening it by design. Either mobilize Congress to do away with the Fed.........or the citizenry will do it for you.
Great question. Was it another trick of crook Soros, or was it China and Russia trying to influence the US elections. NOBODY has asked these questions so far, Why?
Your video is a favorite on Mozambique
itostrong923v 3 weeks ago
this guy is full of shit...yes, the "whole economy would collapse".....the US would be much better off by now if the FED was put out of business....let these fraudulent banks fail....they only create debt out of thin air which they call money, its all a fraud
MrGiggity890 3 weeks ago
you cant win in the bankers' game...you cannot stimulate the economy using Keyensian economics...handing out "money" does not stimulate the economy because prices would rise in the long-run. only production can get an economy out of the rut it's in....the bankers' game is that if the money supply decreases (paying down debt), there is less available to go around...the game is that they have to continually increase the debt so that enough "money" can keep floating around in this fraud economy
MrGiggity890 3 weeks ago
Let the political and economic systems fail - they are junk. The sooner everyone realizes that the perverted versions of democracy and capitalism that we have now are garbage the better it'll be for the everyone.
patmilsa 2 months ago
This has been flagged as spam show
some psychological warfare tactics are meant to completely paralyze people mentally. If every person in a persons life friend and foe attacks an the same individual it is meant to freeze a persons mind and shut them down. This tactic would be used to make some one go insane if employed against them when they are right and wrong. Psychological warfare.
fhandington 3 months ago
Jesus fucking christ.
Khomradeigor 4 months ago
I got an idea, allow the so called too bigs to actually FAIL - that is called a free market frickin' jackasses which is what we are supposed to have here in America - NOT Fascism!
yaahme 4 months ago 2
The ones who threw you in the middle of the Atlantic without a lifeboat were: 1. yourselves (for pushing home ownership, even to those who had no means of paying it, via Fannie and Freddie and 2. bankers (who made a killing off the investors they duped and then again off taxpayer when you deemed they were TBTF. No kidding you're no geniuses. I'll bet the caller would actually make better decisions than you and your crony capitalism.
ctp4 7 months ago
Comment removed
ctp4 7 months ago
"I would've been the end of our economic system and our political system as we know it" - wait a minute - but this is exactly what needs to happen to cleanse the system of it's excesses.
Without that Americans will never have a change to rebuild their wealth.
When money flows out of a market it means the market is sick. When you have cancer you do not take a pain killer and forget about it, you take chemo and suffer the pain but you get to live in return. Makes sense?
infinummjb 7 months ago 3
this is why I have my cash and my 53K of gold and silver in my home safe, I don't use banks anymore, even for deposits are backing by FDIC up to $250K, THIS IS BIG SHIT AND IT WILL HAPPEN AGAIN AND IT WILL END ALL THE WORLDS FIN MARKETS.
ownerowner100 9 months ago
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1v0x 10 months ago
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1v0x 10 months ago
@1v0x 9/24/08?
Kanjorski said it happened on the day they saw the "drawdown in the money markets" Thursday, Sept 18th.
Before 2 o'clock in the afternoon.
patbarkley 10 months ago
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1v0x 10 months ago
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1v0x 10 months ago
@1v0x When people take money out of mm accounts, they usually don't take cash, so why keep mentioning cash?
No one in government stopped people from withdrawing cash.
patbarkley 10 months ago
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1v0x 10 months ago
@1v0x The increase to 250,000 was from a law passed by Congress in Oct 2008, it didn't happen the day of the supposed run by order of the Fed, or whatever silly claim Kanjorski made.
M2 isn't money market balances only, they were about $3.55 trillion at the time, a number smaller than he claimed could have exited mm accounts if nothing was done.
patbarkley 10 months ago
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1v0x 10 months ago
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1v0x 10 months ago
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1v0x 10 months ago
@1v0x "in congressional testimony on 9/24/08, kanjorski stated the fed did this"
If he said the Fed did it in Sep 2008, why is he now saying the Treasury did it?
The Treasury stabilization fund had less than $50 billion at that point.
Are you claiming the Fed suspended any bank operations on the day of this supposed run? Which banks?
patbarkley 10 months ago
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1v0x 10 months ago
@1v0x The Fed has the power and they didn't use it during the time frame Kanjorski is discussing.
patbarkley 10 months ago
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1v0x 10 months ago
If you liked this you will like BBC's Adam Curtis's documentorys A Century of Self, very informative.
DocGreen15 11 months ago
On hindsight, I believe this is possibly the most candid and important interview on the events of that day. Kanjorski nails it point by point.
RvNYC 1 year ago 4
@RvNYC
I come back to watch this again as it stook in mind my so much and I agree with you, it is the important interview on those events. Very telling interview.
DocGreen15 11 months ago
He basically admits that the money was there to COVER UP the FRAUD of the banks by the purchasing of the "dirty assets" through the TAX PAYER which the banks KNEW were going to fail and all the while BETTING against it. It's a WIN WIN for the banks and you have been completely ROBBED!
This isn't isolated to the US, this activity is going on in most countries, it's just the other countries did a better job at hiding it. It's a global trend because of the global nature of todays banks.
haeresy 1 year ago 2
@haeresy I usually comment, but you said it all.
He admits that money was injected to COVER UP the FRAUD of the banks by purchasing of the "dirty assets" through the TAX PAYER which the banks KNEW were going to fail and all the while BETTING against it. It's a WIN WIN for the banks and you have been completely ROBBED!
This isn't isolated to the US, this activity is going on in most countries. It's a global trend because of global nature of todays banks.
------
first they "DE-REGULATED" fraud
dilbertgeg 1 year ago
VOTE FOR PAUL KANJORSKI
mrtimethis 1 year ago
Watch the YouTube video WHY WE ARE IN SO MUCH DEBT for the simplest, clearest explanation yet of why our monetary system is the problem. Excellent insights.
SilentNoMorePubs 1 year ago 2
@ 4:44, "If you don't have a banking system you don't have an economy."
So I guess barter systems are no longer a real economic model, eh? Or how about gift economy's? Clearly Rep. Paul Kanjorski has 0-knowledge about economic systems that have not only been historically successful, but in many instances performed better than the BS shell-game bankers invented when they imagined up fractional-reserve usury. ( tinyurl(dot)com / reserve-banking )
Debt-based systems are _by design_ a fraud.
Xtraeme 1 year ago
@Xtraeme Banking vs. Money-creation via credit creation, as you say, FR usury, 2 different things.
Banking is "borrow" savings, then loans from REAL assets, @ 100% reserves. This is much "slower" economy in terms of high-gain W St bulls, but Main St is NOW dog slow .. in decline .. so WS bulls can run on "junkie fix" of cheap credit.
Futures originally helped farmers plan, now drive up global food prices. Ditto oil. They CONTROL real markets, like Commies, but via fictive speculation.
dilbertgeg 1 year ago
who is that someone who threw us in the middle of the atlantic?
jahlyric 1 year ago 3
Equally frustrated!!!! You have to be kidding me. This caller, god bless her, is living from pay check to pay check trying to provide for her family. You are a rich Congressman who is not affected by anything you do in Washington. Don't you dare say you have the same feeling about the financial situation as regular, hardworking Americans. This is just another example of the fact that you are completely out of touch with the American people.
vicschleich 1 year ago
"It would have been the end of our economic and political system as we know it!"
And that is a bad thing? The whole system is corrupt from top to bottom, banks that create money out of thin air and the government officials they pay off.
Yes, it would have hurt to let the current system collapse, it would have hurt a lot. But you are not going to improve things for the majority of people by continuing to use the same rigged system.
AnnoyedDragon 1 year ago
why can't people understand how big of a deal this recession is and how much worse it could've been if it weren't for the stimulus bill. i think all the people shouldn't suffer but at the same time it's not fair for those who are benefitting from the current financial system to use these real victims as an excuse to lower taxes and keep letting the banks go wild like before.
dbsl87 1 year ago 2
They do know. This is all engineered. Central banks, fractional reserve banking, debt based monetary systems, you don't understand it because your not supposed to. Just keep listening to guys like this and give the government more power, to "save" our economy.
sandersz211 1 year ago 2
It is time we standardized the banking system. Get rid of thugs, crooks and cockroaches on Wall Street.
shady1020 1 year ago
And what would be wrong if our Fiat Empire collapsed? This would be a good thing.
BlueEagle8 1 year ago
At the 2:18 mark - here's the facts - for over a year now it is amazing that we do not have an investigation on what or who did the controlled "Run" on the markets of some $500bn
joerobertsoncom 1 year ago 3
My bet: China and the Saudi's collaborated, maybe Russia too. :-(
artsnflies 1 year ago
Don't put it past George Soros and pals to have engineered this too to help Obama win the election. Remember by September 2008 McCaine was closing in fast on Obama in the pols!
artsnflies 1 year ago
Didn't matter. Obama and McCain are two heads of the same snake.
BlueEagle8 1 year ago 7
@BlueEagle8 No, McCain was a weak Republican. Obama is a socialist. Two completely different snakes.
vicschleich 1 year ago
@vicschleich The snake is the Federal Reserve (Banksters) and Corporatocracy. Both Obama (most Democrats) and McCain (most Republicans) are two heads of the same snake. The two serve to create an illusion that there are differences. Keep reading and studying. Start with The Case Against the Fed by Murray N. Rothbard. It's a short book that gets to the point.
BlueEagle8 1 year ago
So, the govt prevented its citizens from withdrawing their cash from their accounts? The citizens learned from the depression, take YOUR money BEFORE the crash. We live in a free country...NOT.
thin1966 1 year ago 3
"it would have been the end of our political system and economic system as we know it."
what, socialism? gee. shucks.
jonathans8 1 year ago
More like the French Revolution... all hell breaking loose... and the Reign of Terror against the elite to the hilt. :(
brianpadraic 1 year ago
We are living in the time of the old Chinese curse..."May you live in interesting times."
kenporich2006 1 year ago
The Bottom Line.
Bankers, who caused the problem, came to politicians, who helped them, for rescue via taxpayer money. They used the threat of the collapse of our economic system (based on fiat money) and our political system (corrupt to the core and beholden to special interest groups) to get free reign to "Save Us All) by having us pay for the continuation of the system that caused all this in the first place.
mrzog2000 1 year ago 3
at 4:25 he says the banks would have had to pay 3 or 4 trillion dollars for these bad assets and taxpayers would have to pay for it...hmm so buying bank equities to keep them from going bankrupt means there's still 3 or 4 trillion dollars of bad assets out there (and counting)...doesn't it?
Eventually the weight of this debt will bankrupt the system
puppetjaw 1 year ago 3
Can the Irish Cental Bank have their money back?
thomasucc 1 year ago
I was one of the people who contributed to the run on the money markets. There are no conspiracy theories. When the Reserve Fund "broke the buck," I shifted all my money market investments into savings and checking accounts at banks. I did not want to be caught with worthless paper in the commercial markets.
I'm far from being a part of a conspiracy. Don't believe everything you hear from conspiracy theories.
A run on the money markets was completely natural due to the circumstance.
siesta000000 2 years ago 16
@siesta000000 So you shifted all your money into checking & savings so you could take advantage of the increased FDIC limit? What if they had left it at 100k? If there's a conspiracy to be had, it would seem the goal was to ensure people who already had large bank accounts could access _more_ of the FDIC funds despite the fact that the FDIC's reserves remained fixed.
See how that just ultimately screws the little guy over who has _less_ than 100k? Yeah, that's not just a little bit suspicious.
Xtraeme 1 year ago
@siesta000000 He's talking about what happened in a single day, not over a year
usmc7242 11 months ago
@siesta000000 i dont understand. can you/somebody elaborate this?
martini926 9 months ago
@martini926 People panicked as they understood that the entire fractional reserve system of money based on credit was on the verge of total collapse. So people who were invested in the dollar started pulling their investments out because they understood the money was limited. That's why the US government bailed out toxic bank assets. But that is much worst, since now YOU (a US tax payer) hold these failing investments. You are obliged by law to pay this off as a citizen.
mattyelle1 8 months ago
@siesta000000
shut the fuck up. now go buy yourself a nice greece island. it is an asset strip deal. financial crisis will happen again once greece defaults, this time the deflation will be a lot bigger. u have cash in hand?
KhmerD0g 7 months ago
@siesta000000 safe in checking and savings accounts? your money is not safe unless its in your hands...also, that paper you carry is only worth something because people still accept it as such....when the US bond market goes to shit, you won't want to be holding dollars
MrGiggity890 3 weeks ago
my husband and i have always said that happened on 9/11/08 but Rush Limbaugh started the lie that it was 9/18/08. that's when i dropped my subscription to Limbaugh and realized he is working for the new world order. i began listening to alex jones and dr. bill deagle then. best thing i ever did!
laurierevill 2 years ago
It seems unlikely that it was during the 9/11 week. The big drops were Mondays: 9/15, 9/22 & 9/29 until 10/2.
Either way, the collapse on Wall Street was due to their gambling. i don't believe that the US government would not know who was responsible for $550 billion electronic "run on the bank."
If it was Soros then he was able to get his ACORN puppet in. You know. The one with the gift (for blab).
666sigma 2 years ago
@666sigma
It collapsed on the 11th - Kanjorski said it was "on Thursday at 11 o'clock in the morning" when the run on money market accounts occurred.
Who was drawing down the money markets in such huge volumes?
puppetjaw 1 year ago
Please note: Kanjorski had the briefing with Bernanke and Paulson "about September 15th". The event itself, the landslide electronic cash draw, happened on "Thursday, at about eleven o´clock in the morning"- meaning the preceding Thursday no doubt.
Thus the date and time when those 550 billion $ were being electronically drawn out was Thursday, Sept. 11th 2008, at 11.00 o´clock in the morning.
This is the 7th anniversary of the Terror attacks, to the minute.
philipschlegel 2 years ago 4
And the meaning of such a monetary draw on that date would be what exactly? You connect these dates, but leave to the imagination any potential connection between them.
A bit of detail on that front would be appreciated. I'm willing to chalk it up to coincidence.
Oopaack 2 years ago
"we are not geniuses in economics or finance" HUH? representatives of the american people. (and we control it all!)
2pandora4 2 years ago
coś mi się wydaje że kłamiesz, albo nie jesteś na szczycie piramidy.
nibirunianin 2 years ago
The Truth?You need to put yourself in the mind of a ruthless financial crook. I would have cooked the books, manipulated the stock on the way up, lent billions on real estate frauds, issued billions in bonds, shorted the stock on the way down.But, the real big money would be in the investment portfolio, where $100 billion would be lost in derivatives.What About The Regulators?The FDIC is run by Sheila Bair, a Lawyer, and the dean at the Isenberg Institute. Her and her staff of Zio-clowns.......
ThetalmudHater 2 years ago
This has been flagged as spam show
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bigdollarboy1 2 years ago
Burn your money and arm the homeless.
Snakes4arms 2 years ago
I've been saying this for years. Somehow the people need to take back the country, eliminate political control and get honest people to work in a govenment type system,.
mp112849 2 years ago
@mp112849 Basically elect new people into Congress. lol I'm with you on that.
vicschleich 1 year ago
@vicschleich, I'm not advocating anything that remotely agrees with the tea party on this... just to clarify. I'm viewing this from a 60's perspective. We need legislators that align with the constituency, and not with big business.
mp112849 1 year ago
"If you don't have a banking system...you don't have an economy" So why don't the people of the United States control the banks...that is where the real power is.
MW2772 2 years ago 2
Read "The Creature from Jekyll Island" by Griffin, and "Web of Debt" by Brown, and then read "Default !!! Escaping the Debt Trap and Avoiding Bankruptcy" by Guedel, in which 2 people defaulted on over 94K of unsecured credit card debt and avoided bankruptcy and judgment and defeated a major bank's collection attorney. It can be done. Banks are stealing from us all... get out of their crooked banking system -- move your money to Credit Unions ... create and join more honest Credit Unions.
HurricaneHeidi 2 years ago 4
This has been flagged as spam show
God dammit, is it that hard for me to live a life without being robbed?
When 95% of the population wants something, and our STUPID politicians go against our words, isn't it common sense that they are getting orders from someone else?
This is not a conspiracy folks. It is happening RIGHT BEFORE OUR EYES.
This is the message I am feeling from our "leaders"...
"Follow us and get us rich, or we will drive this entire country into the ground"
Whenever they talk, that is what I hear.
jeebsy12 2 years ago
Unreal.
Where is the main stream media on this?
scottinwny 2 years ago 11
American Brothers and Sisters ...WTFU..."911 was a inside job carried out by our own criminakl government".....watch "Loose Change Final Cut" for free on the web.......Time is running out!
moxee59 2 years ago
Dear Moxee59,
If I had a nickle for every time I read the words wake up! I'd be a millionaire.
Have you badgered your local representatives about Dr Ron Paul's bill yet?
Have you publicized and joined in with a tea party group, or made big signs and marched with the 911 - WTC 7 truth movement yet?
This statement by you, which is fine and good, is what we call 'preaching to the choir'. We need 'street preaching' now!
Research0digo 2 years ago
@Research0digo I'm not joining a group that considers any part of 9/11 a conspiracy. I don't believe that is a popular position throughout the tea parties. I think you are on your own on that one buddy
vicschleich 1 year ago
Israel?
kurakator 2 years ago 3
CHINA...
jasiuci 2 years ago 3
Buy Gold, Guns and unperishables and just hope to christ you survive the civil unrest. The Sth Western US will see massive public disturbance. And if you think you got it bad in the US, imagine being on the margins in the UK? They're fucked. They will have total chaos in Northern England.Cities like Liverpool and Manchester will be totally out of control or have marshal law.I'm just glad to live in Australia.We will cop it but nowhere near as bad as other countries. See ya wouldnt want to be ya
kickittome70 2 years ago
kickittome70, ("see ya wouldnt want to be ya")
My, what a wonderful personality you have. You should be Australia's Ambassador of good will.
What you say may come to past. However, your anger and adolescent gloating makes me very appreciative that I am not your neighbor. Living next to an unhappy, angry man hoarding guns and gold coins would be my least favorite place to live. btw, my brother just visited Australia. Nice place.
Clarissa2424 2 years ago
OK the "see ya...." comment was over the top. Let me apologise for this, but the rest is on the level. Your gov is not telling you how bad this is gonna get. If they did, there would be mass panic. My advice is prepare for the worst and hope for the best.
kickittome70 2 years ago
Now that's funny.
lfrancis18 2 years ago
Oh Great ... i feel a whole lot better now! Who's been minding the shop ... so that this didn't happen in the first place...at least this is an honest account of the situation
SAMSONEATSFROGS 2 years ago
hes refering to the situation on thursday january 22 which motivated barack obamas new package of stimulus
dangerbird76 2 years ago
Is the end of our economic system & political system really that bad?
hesh2 2 years ago
Could be. We could be the next Rome at this rate! I sure hope not!
gozips30 2 years ago 2
Stocking up on food and water might be a good idea.
tewerst666 2 years ago
This wouldn't have happened IF the Reps & Dems had followed the Constitution! Period. End of story - but we keep re-electing them to our own dimize. Too big to fail if u r power & rich but there is no help or law for too small to fail. In fact, you get to make sure the rich DONT!
concerned00citizen 2 years ago
Reps & Dems got us where we are! Both shafted the middle class in favor of their rich buddies
concerned00citizen 2 years ago
You can't "let banks file bankruptcy"! There'd be no credit, no monetary system, heck - just try to classify and quantify assets without banks! No banks would be bad!
Government officials are worthless. Barney Frank is no knight in shining armor. And Barry Obama is not giving me any confidence with his spend-our-way-out approach.
This is a mess, and the public is getting stuck with the cleanup work, and ... I just don't know if that's gonna fly.....
It's going to be an interesting year.
dwoldrich 2 years ago
this is truly a terrifying situation we are in!
bogardan666 2 years ago
We have two choices right now. 1st Choice is for the government to try and fix the economy while trying to keep the general public from revolting. 2nd Choice is to let banks and industry file bankruptcy and lose millions more jobs while trying to keep the general public from revolting. I know these choices suck but they are real.
tewerst666 2 years ago
I agree mike p. All I have to say to all those who are complainging is to make sure you understand what you are complaining about. I live in a conservative area and they all think that acorn and the democrats caused this crisis. Banks betting 40 to 1 on credit default swaps agaist mortgage backed securities are the reason, not sub prime that could be easily corrected if other financial instruments were not tied to the original mortgage.
tewerst666 2 years ago
The run on the banks stoped when the government fooled all the little people with that $250,000.00 gaurantee. Pay attention and be prepared. They are playing a very dangerous but needed game to save our economy. Get the facts and ignore politics. Democracy's arguements may end up being our downfall.
tewerst666 2 years ago
check out credit default swaps and understand the banks have destroyed our finacial system regaurdless of our politics.
2 to 3 trillion to fix banks is far more than the poor have ever or will ever cost the average tax payer so who is b****ing about the bankers
tewerst666 2 years ago
we could have had RON PAUL
we need a doctor
rickbeckwitt 2 years ago
If this is truly what happened, it all makes sense now. The economic "meltdown" was bogus to begin with and for the gain of what/ whom??? The Democrats?? Obama?? Who was withdrawing this money!!!
kleewins 2 years ago
At least he was being fairly honest. This is what happens when a government gets as big and bloated as ours- it simply cannot function efficiently, and it is so out of tune with the people it affects through policy making that any big decisions made are either a day late and a trillion dollars short, or they are a bold step in the wrong direction.
RabidNinjaPenguins 2 years ago
In a way, the honesty is refreshing. In another light, don't we need to elect people who have an understanding of economics?
His revelation about a half trillion dollars withdrawn from money markets in a few hours is troubling. Who was it? Why all at once? What spooked them? Or was it a conspiracy -- to manufacture a crisis on top of the existing real estate crisis -- which would then force government intervention that benefitted some party or parties? Enquiring minds...
dragonsjaws 2 years ago
So, the congressman admits that the reason they delegated the problem to the Treasury Secretary is that Congress didn't know how to solve economic problems. Yet, Congress is sure that they know better than the average citizen how to spend money, so we should all give them more of our money through taxes. It boggles the mind how we trust these fools.
MikeDial 2 years ago 2
Perhaps you should take a class in US Civics. Congress has the ability to delegate its authority to appropriate government agencies which act on their behalf.
Technically speaking, Congress is supposed to inspect and approve meat and other food that makes its way to our supermarkets. Do you think your Congressman/Senator is making the rounds at the local food plant? Of course not. That's what the FDA is for.
The same goes issues of finance, economics and banking.
mikepalomino 2 years ago
In each instance you cite, an educated person can make his own decisions. All I'm saying is that we shouldn't delegate decisions about our lives to Congress, which is just going to turn around and delegate them to someone else. It's time we did our own homework. Government employees are no more honest or intelligent than businessmen.
MikeDial 2 years ago
I think I understand what you're saying, but I fail to see how We the People could have done any better - Those in both Houses are our representatives - thus we do delegate the decisions to them.
But you're missing the big picture here. If what Rep Kanjorski says is true then this is a proof positive that the government (and the Fed) WORKED. They prevented a run on the banks.
Alternatively, the general public would have likely panicked and made the situation worse - not better.
mikepalomino 2 years ago
I'm not being partisan here: Bush began this 'stimulus' package after his adminstration drove us down to the point where people even considered running on the banks. Now, Obama is going to follow Bush's lead and dig us even deeper. Given the fed's performance so far in the domains of mortgages, finance or even the latest salmonella outbreak, we should be as unreassured about leaving our most important decisions to the president and Congress as we have the wits to be.
MikeDial 2 years ago
The economic and political system is 99% corrupt.
Let it burn and become a republic.
Paetaor 2 years ago 3
How can you trust a government that does not tell the truth? Why weren't the people told that there was a run on the banks? Why were the people lied to about the true purpose behind the banker bailout bill?
I have lost all confidence in congress and in wall street. I have sold all stocks, including my 401K, and have bought gold and silver. In three months this gold and silver has performed better than stocks ever performed for me. Today I am withdrawing the rest of my cash and buying more. fkm
magichandpuppet 2 years ago 3
Good idea. Once inflation takes over, you're going to be glad you did that.
Beatboxbill88 2 years ago
ok ok.... so i closed my savings account on 9/11/08, so what?
Had i known it would cause so much freaking out i would have left it there, can we move on now??
llaoll 2 years ago
How soon do you think you tube will pull the plug on this vid. This is the smoking gun!
getorphan 2 years ago 2
getorphan, it's takes a few moments to download.
One doesn't have to search far to find out what motivates Mr. Kanjorski. Check SEC filings and you can see where his interests lie.
"Whoever controls the flow of money, controls the policies." It's just that simple.
Research, the March of Dimes fundraising campaign. Under FDR, Ron Gilreath found a gold mine appealing to the emotions and pockets of Americans and the corruption hasn't stopped since it began. Troopers from the military anyone?
Yoetah 2 years ago 3
Every individual in elected office in DC should listen to this presentation. It's telling and disgusting what federal gov has been reduced to. I repeat:
"Govt is a giant insurance company with a side business in defense (this is 90% of what govt does-it's all on automatic pilot)"
Is this the kind of government we want-
A GIANT INSURANCE COMPANY?
WHO DOES IT SERVE?
Congressman Jim Cooper on health care's future
watch?v=WWm6Q01OYQc
Yoetah 2 years ago
We gave the authority to the Secretary of Treasury!
Yes, that's the ticket! Let's give all the power over to our government.
Who is running the show?
Is it our elected officials?
According to Congressman Jim Cooper, the answer would be no. SO who is.
Special interests? Yes, according to the Congressman.
"Govt is a giant insurance company with a side business in defense (this is 90% of what govt does-it's all on automatic pilot)"
Yoetah 2 years ago
They don't mention the source of this run on the bank. Soros? We hear often that this implosion is orchestrated by the powers that be. You don't always get that impression as they seem to be running for their lives to fix something. We are told they don't know if it will work. I have a feeling that that bit about the electronic run was not supposed to get out. The best advise so far as been from the caller at the beginning of this vid.
getorphan 2 years ago
"I have a feeling that that bit about the electronic run was not supposed to get out."
Leaks will do! What we need is a full-fledged force of OUR OWN TAX-paid military to go in, seize this out of control, privately owned gederal government. START with GROVER NORQUIST...kick his ass out!
Yoetah 2 years ago
If Soros did this, he needs to be arrested. BUSH needs to be slapped for NOT going public with the severity of this information, who in the WORLD would want to CREATE a run on our banking system other than Soros or Islamic Radicals? And if it's Soros, the American LEFT is also part of this since he is their buddy, and if it's terrorism by banking, why didn't Bush DEMAND that the bank system reveal who did it and arrest people to find out who started this run??
usmc7242 2 years ago 2
Let's see the books, f$ck the talk
Yoetah 2 years ago 3
Soros? hahahahahah. Limbaugh is on drugs again, playing his dittoheads like yoyos. Is the twit Hannity parroting this oxycontin hallucination also? It is more likely some sovereign wealth fund like Saudi Arabia.
pn2543 2 years ago
Names are insignificant...the cure is what matters-send in the troops!
Yoetah 2 years ago
As near as I can tell --- the date that this electronic run on the bank was 9/11/08. He said Paulson spoke to them on the 15th about the previous event occuring on the thursday before. These bastards are sure stuck on dates! It still would be a good idea to know who orchestrated this. I want the names. It would be a start on who to arrest for high treason.
getorphan 2 years ago 3
It now appears the subprime mortgage crisis was simply a load of crap and a cover for what was really going on. Only the most powerful of the worlds financial manipulators could pull off a stunt of this magnitude.
getorphan 2 years ago 3
pn2543, I'm too frustrated to stomach any biased commentators-left and right...they're entertainers anymore.
The fool speaking in this video states he's frustrated because he's so misunderstood.
HE'S a LIAR, a patsy!
It's sickening.
Yoetah 2 years ago
Wow--he describes how close we came to economic collapse and you focus on his frustration, etc.
Talk about missing the point.
razrlazr 2 years ago
Tell me about it. This slug is too stupid to know that he spilled the beans on what was really going. The economic collapse was orchestrated. Get It!
getorphan 2 years ago 3
YES, and this country is full of cowards who are willing to sell a piece of themselves as they continue covering the lies.
Yoetah 2 years ago 3
Just because some blowhard like limbaugh blames soros does not mean he is not on to something. You are correct - left and right political gamesmanship is just entertainment while we are left to watch this country go down the drain.
getorphan 2 years ago
hahahahahaha? So, your scenario about "some sovereign wealth fund like Saudi Arabia" is more plausable? Really, that's the pot calling the kettle black. I would really like to know the TRUTH. Don't you?
bluesingincat 2 years ago
@pn2543 Why couldn't it be Soros? Limbaugh was only parroting a notion that others speculated well in advance of his coat-tailing, and most people wouldn't even have known he said so if they, like me, hadn't read it here. Soros is known as the "master market manipulator." He took down the Bank of England by leveraging $10 bn USD against the pound sterling, and was convicted of insider trading in France in 2002. So pls xplain why he's incapable of such a manipulation. Thx.
JuliaB1955 1 year ago
@JuliaB1955 Because it would have been exposed. There is a paper trail on this stuff, that's how we knoiw what he has done. The Republicans were in power and would have SURELY exposed Soros if he caused that. You are talking here about $500 BILLION. Soros net worth is only $14.2 Billion., Your assertion has zero merit.
What he did in England was DESERVED by the British Bank. Soros also played a huge role in transitioning Hungary from Communism to Capitalism. How is that a bad thing?
atamalakolive 1 year ago
@atamalakolive No, not really, Bush had no balls to speak the truth, plus, in 2008, he was a lame duck, anything that seemed to press the dems would be spoken of as sour grapes, that is why he did ZERO on the voter fraud caused by ACORN and the KNOWN 400,000 phony voter registrations in Illinois, and even Nevada. Plus, as on 9/11, he did what he did to avoid causing panic.
usmc7242 11 months ago
@usmc7242 There have been ZERO cases of voter fraud against ACORN. They have been investigating them since Bush took office. They have found some voter registration fraud,, but zero voter fraud. Your 400,000 number is REGISTRATIONS. ACORN turned them in by Law. They have to turn ALL Registrations in. They "flagged" those as bogus. The Republicans seized on that BS non-story. THERE WAS NO VOTER FRAUD. That is historic fact. Want fraud? Watch Unprecendented:2000 Election.
atamalakolive 11 months ago
This has been flagged as spam show
@JuliaB1955 Because it would have been exposed. There is a paper trail on this stuff, that's how we knoiw what he has done. The Republicans were in power and would have SURELY exposed Soros if he caused that. You are talking here about $500 BILLION. Soros net worth is only $14.2 Billion., Your assertion has zero merit.
What he did in England was DESERVED by the British Bank. Soros also played a huge role in transitioning Hungary from Communism to Capitalism. How is that a bad thing?
atamalakolive 1 year ago
They should have declared a bank holiday that day, freeze the entire economy for 48 hours and then sort out the bad debt, from the good debt. They should have cancelled the bad debt. Wipe it ut of the books, and tell the banks to go screw themselves. That's what they should have done. The way they did it is tha they lined the pockets of the criminals who swindled everyone. All the calls for revolutions are justified, and it way behond time now to change the entire system. Let the rats sink!
msamour 2 years ago
no panic yet...maybe we will avoid a panic??
Mattessj 2 years ago
550 Billion dollar run on the banks...That explains all the bank ceo's on capitol hill and TARP 2 bailout.
Mattessj 2 years ago
HOLY CRAP.....did anyone listen to what this guy said at ~ 2:18 about the money markets? That is absolutely huge and spot on. It would have been devasting. Anyone who is naive enough to think that Obama and his cronies can fix this isn't thinking. No politician can solve this problem yet we keep giving power and our freedom to these jokers. Who's to blame? Both Parties are to blame. We gotta get rid of both of them since they're both moving us down the road to becoming a statist nation.
brooksfarms 2 years ago 3
He skirted the issue, I stand with the lady caller, we have to take a stand and let them know like her. That is what they want panic, it's not panic its is ANGER. That the goverment, FED even the Supreme Court is now appearing to be on the take! WE THE PEOPLE ARE NOT AFRAID OF THE GOVENMENT WE OWN YOU, AND WILL WIN!
PleaseActNow 2 years ago
"We don't know" Finally an honest appraisal of what is going on. Another trillion or 2 won't give them the answers. The $550 billion ebankrun will happen again and more money will be thrown at the economic terriorism that is attacking our very existance. By that time the dollar will be worthless and China or whoever is behind this will OWN us. It is the end of the world as we know it. Ciao.
alienhuman 2 years ago
We wouldn't have system wide failure if the government didn't interweave our economic lives together. If the banks, and the savers lost their money then it shouldn't affect everyone else. Its bad for those people but the government has made someone's catastrophe into everyone's catastrophe.
timbosforporn 3 years ago
Obama is the puppet..who is the puppeteer? Was it George Soros? Was it Dubai? Who has that much money to do this to us? No wonder George Bush was scared sh##less! I would be too! He got played just like the rest of us did too!
Why isn't there an investigation into who did this?????????????????
Sikon02 3 years ago 4
Comment removed
fatjohn1408 3 years ago
Russia, Soros, or both. They needed a US economic crisis because McCain was starting to pull ahead in the polls. If there is an investigation you may never hear about it. If govt admits this happened it might cause someone else to try it again and tells global investors the US is not as strong as people think it is.
ethift 3 years ago 3
sik,
You're one step away. Bush, Obama, etc., are puppets. The elite are doing this. Not Soros, nor Dubai. The Rep. won't reveal who (because he can't), but there are definite signs that the system will fall a lot more still. Oh, there won't be an investigation because there doesn't need to be one. Who investigates their own boss??
Hang on for the ride. This montaña rusa is going to be better than six flags anyday (and no I am not suggesting Russia with that - it's Spanish).
toeg1 2 years ago
Least anybody forget, Money Market accounts were never (until now for the banksters) guaranteed or FDIC insured. There was some risk attached to them, though it was suppose to be small. - The acid debts (derivatives) that these banks have accumulated has been by their own greed. Now they (Banksters) have no downside and only an upside - that doesn't sound like capitalism to me. It sounds like a "good ole banker buddy system."
ronskilbeck 3 years ago 2
Sounds like classic capitalism to me.
Xproletariatx 3 years ago
Euhm wake up no capitalism if there is a central bank in the system performing central planning!
fatjohn1408 3 years ago
No. Capitalism entails risk on part of investors. It was Theodore Roosevelt who realized that fair capitalism was fine but monopolies that play unfair need to be balanced by strong oversight and broken up if they go to far.
DEP717 3 years ago 2
Poor Rep Kanjorski - when put on the spot he doesn't know any better than to tell the "truth" - as he knows it. I'm not a big fan of his, but in this instance - "Good on him!" Now why couldn't they have made it this simple back in September and told the people what was going on? I'll tell you why, because the obvious answer would have been: Since it's our taxpayer money, abolish the Fed. Res. (fire em), guarantee the money market accounts, and let the rest of the BANKSTERS go under!!!
ronskilbeck 3 years ago
Brokeinvestor IS a shill go look !!!
they set up fake acccounts and scour the web . I bet he will have a bunch of fake favorites soon ......what a bad shill !
SAYYOURROSARY 3 years ago
Std. MK-ULtra ....no denial about the biggest rip off scheme in the world.
The Federal "reserve" bleeding us dry
forcing govt. policy by threating meltdown
of the "fake money system in the U.S. " and I'm the unedjamaket one ? You have to do better than that. are you a shill?
SAYYOURROSARY 3 years ago
The FED is not FEDERAL or even ours
it is a private bank running OUR COUNTRY! Fake money Legal tender is NOT lawful coined money! a Note is dept.
a certificate is MONEY. wake up !
REPUblicats and demonkins are the SAME. Christ the King or Caos !
We "choose" caos ! 2 months and counting waiting for fake terror !
SAYYOURROSARY 3 years ago
You are so uneducated its not funny.
brokeinvestor 3 years ago 2
Better than that, watch Russia make a move soon. The Russian population is going to implode within 50 years, so they have to regain their former might and SOON if they want to survive as a country. Lucky for them the Russian populace yearns for the influence and RESPECT they had only a few short decades ago. Also watch the weather, if it gets colder these things will be happening MUCH faster than otherwise.
builder20 3 years ago 4
Agreed. "The FED is not FEDERAL or even ours. You know it, I know it. Do the chumps in congress know it? Little by little we are finding out that the emperor has no clothes. Little by little, we are discovering that maybe the world is not square, and have the daunting task to make people like Kanjorski say, "we just don't know". Time to educate yourself about the Fed Reserve. Sad state, when reps like you are the last to wake up!!
previewing 3 years ago
Scary, very scary, but reality has struck.
FiftyNineBeads 3 years ago
They need to check the transactions, just make sure it is all on the up and up. Who was selling when, who set the trend, and why? Was it "auto sell" things flipping?
Also they should check and see whether shell corporations were buying and selling back and forth, run by the same people.
DEP717 3 years ago
china, venezuela, russia, and others perhaps.
Monty1994 3 years ago
"We don't know"?!? My arse you don't know, Kanjorski. You know damn well that the Federal Reserve under Greenspan sparked this speculative hell in 2002-2003, and are worsening it by design. Either mobilize Congress to do away with the Fed.........or the citizenry will do it for you.
giterdun77 3 years ago
Rep Paul Kanjorski wants ideas? Here's one to boost consumer confidence.
Frog-march some people on Wall Street.
ThisWeekInFascism 3 years ago
who the hell pulled the money?
andrewcm3 3 years ago 3
Great question. Was it another trick of crook Soros, or was it China and Russia trying to influence the US elections. NOBODY has asked these questions so far, Why?
bodzio4062 3 years ago
The first 40 seconds of this video are all you really need to hear. Crap didn't collapse, so there it goes. Irate caller is right.
infamouxxx 3 years ago
Actuall, the $550 bln an hour run on US banks. WHO started IT and why? Congress must investigate this.
bodzio4062 3 years ago
who drew the money down?
fatmanpedaling 3 years ago
abolish the fed!!!!!!!!!!!!!!!!!
ZebZachary 3 years ago
well, that's close to what i said.....i had to reword it like 6 timez before it posted....goddamn youtube censorship...
ZebZachary 3 years ago
Stop talking trash, and they will stop.
bodzio4062 3 years ago